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Monday, February 27, 2012

Australian stock exchange closed feb 27 2012

Australian stock exchange closed feb 27 2012 : The Australian sharmarket lost ground for only the second time in five sessions, with the All Ordinaries Index (XAO) falling by 0.8 pct or 34.5 pts to 4354.5. The good news is that last week was the best week of 2012 to date with shares improving by 2.7 pct.

In percentage terms, the miners and energy stocks were the worst performers today, with the S&P/ASX 200 Energy index falling by 1.18 pct while the S&P/ASX 200 Materials index lost 1.55 pct. Both of these indices are tools to measure the performance of both sectors. The world's largest miner, BHP Billiton (BHP) fell 1.97 pct or 72 cents to $35.82 while the smaller Rio Tinto (RIO) dropped 1.01 pct or 69 cents to $67.40.

The big four banks were helping to minimise losses early in trade however all turned negative in late trade. Commonwealth Bank (CBA) and ANZ Banking Group (ANZ) both fell by a little over 0.5 pct, Westpac (WBC) fell 0.34 pct or 7 cents to $20.71 while National Bank of Australia (NAB) eased 0.13 pct or 3 cents to $23.49.

Stocks to watch on the Australian stock exchange at close on Monday:

BPT - BEACH ENERGY LTD - down 9.5 cents at $1.67
Oil and gas producer Beach Energy has returned to first half profitability despite a small fall in production.

CKF - COLLINS FOODS LTD - down five cents at $1.18
Collins Foods has reaffirmed its cautious guidance as trading conditions remaining difficult, despite briefly-improved business over the summer holiday.

CTX - CALTEX AUSTRALIA LTD - down eight cents at $12.90
Caltex Australia has incurred a $852 million loss for calendar 2011 as it continues to review the future of its two Australian refineries.

GNS - GUNNS LTD - up one cent at 18.5 cents
Timber company Gunns has posted a larger first half loss and says trading conditions will remain tough as long as the Australian dollar maintains its strength.

HOM - HOMELOANS LTD - up two cents at 59 cents
National non-bank lender Homeloans Ltd will continue eyeing acquisition opportunities and cutting costs to protect earnings after reporting a 13 per cent drop in first half profit.

MVT - MERCANTILE INVESTMENTS COMPANY LTD - steady at 7.3 cents

ARA - ARIADNE AUSTRALIA LTD - steady at 36 cents

GPG - GUINNESS PEAT GROUP PLC - steady at 37.5 cents
Corporate raider Sir Ron Brierley has reconvened two of his old gang via an $A2 million ($NZ2.6 million) placement for his latest enterprise, ASX-listed Mercantile Investment Co.

ROC - ROC OIL COMPANY LTD - up one cent at 40 cents
Oil and gas producer ROC Oil Company has booked its first annual profit since 2005, partly as a result of the higher oil price.

SFW - SFG AUSTRALIA LTD - up 0.5 cents at 33.5 cents
SFG Australia Ltd has reported an 84 per cent jump in first half profit, largely driven by the wealth manager's merger with Shadforth Financial Group Holdings Ltd.

SKI - SPARK INFRASTRUCTURE GROUP - steady at $1.395
Electricity infrastructure fund Spark Infrastructure has posted a two per cent rise in profit and expects to pay out more to security holders in the next three years.

WBC - WESTPAC BANKING CORPORATION -
The Bank of Melbourne (BoM) has opened its 50th branch in Victoria as part of a five-year expansion plan.

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